We get this a lot on our site the answer to Volume On Etoro….Concerns that i speak with new investors what if you’re brand new to investing you just do not wish to choose what you actually wish to invest and you desire someone to do it for you there’s only a number of ways that that can occur the firstly you can work with a financial investment portfolio manager they’ll usually charge a quite a high premium to do that maybe a couple of percent of your profits will go to them the other thing is obviously you can buy mutual funds particular funds are produced once again with an account manager in the background as i’m going to cover in this video they have a service though that’s called copy trading copy portfolios also now if you’re brand new to a total please keep in mind this platform is rather sophisticated you can do cfds which obviously cfds are methods of investing
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with not actually having the total of capital so with anything that you’re finding out about please do study the platform don’t just presume due to the fact that i use it that you can use it right now do some due diligence have a little play around with it even invest with virtual money they give that option as well so you actually get utilized to the structure of the website and after that when you’re ready to use your own cash to invest you can do so now i will disclaim naturally your capital is at threat this is investing we’re doing you’re investing in genuine companies if you pick to in this particular video we’re speaking about how to copy other people’s financial investments with your cash so undoubtedly your capital is at risk and we need to bear that in mind do not simply do something because that person has actually said they’ve made revenue 14 months in a row purchase these choices because you think is the right ones for you which being stated let’s dive straight in [Music] so the things we’re going to cover in this video is comprehending what is copy trading what are copy portfolios it becomes part of social trading which is one aspect that is probably.
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well-known for it’s the option to see what other traders are doing amazing we do not usually get that insight from a great deal of platforms and the other advantage is these copy portfolios are copy trading therefore that implies with our cash we can really say i wish to do exactly what that trader is doing or match that specific portfolio of choices and essentially whenever they make a trade they buy they sell whatever they do your money will be imitated with it so that implies if for instance 10 of their investment portfolio remains in tesla guess what you’ll now be investing 10 of your money in so we’re going to likewise cover is the fees involved really important you understand what are the costs of this now with any platform there will be some expense to certainly these are genuine business that are investing they’re doing the purchasing the selling for you there’s going to be charges involved and even a few of the no charge websites then may not charge you for actually buying and selling funds or etfs specific products specific stocks.
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there’ll be costs on other parts possibly it’s our fx rate when you’re altering from uk to u.s dollars there’s all kinds of fees associated so do your due diligence and i’m going to reveal you the costs with in particular in this video the next would be things to know before you really start investing in copy trading or copy portfolios and lastly some finest advice finest practices if you are considering this as a tool whether you begin your journey or your more advanced financier so let’s start with costs actually essential to comprehend these now on there’s a couple of fees there isn’t costs to do with really buying and selling fine so commission costs are free however there are a couple of other fees the very first one is withdrawal charges so you can certainly put money in now if you’re in the uk we put our uk cash.
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and it’s instantly converted into us dollars and i’ll cover a little point about that later on however when you want to withdraw your cash so you offer your shares you sell your commodities whatever you’re selling the minimum amount you can withdraw is thirty dollars back out and they do charge you five dollars per withdrawal so for me naturally understanding that i’m going to make sure that i’m just withdrawing when i definitely need to now you may say fine that’s quite pricey and i get that but it’s all to do with how they run their platform they need to charge costs someplace and withdrawal charges are just among those alternatives that they have a great deal of platforms clearly are totally free to do such things has this 5 dollar charge so in my eyes make your withdrawals largely it can be perhaps even once a year once every six months you know depends completely how you’re investing however that is a cost to remember the second fee that i’ve touched upon is that conversion charge now with you’re dealing in us dollars only there’s not an alternative to purchase in euros or uk and that’s great that suits me.
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a lot of my stocks are us dollar stocks anyway or the etfs that i’m purchasing or even some crypto so i’m excellent with that we have what’s called the fx currency conversion fee now when you use anyone so if you’re using trading 2 and 2 open market anybody this is standard they have i expect stuck to whatever cost they charge for that conversion rate you sort of have to accept you know if you want to use their platform go from uk to us then that conversion fee exists what are they actually providing you in regards to your uk pounds to us dollars and all platforms are the same you can’t bargain with them you can’t go to the bank and state provide me us dollars instead you have to pay their fees now the great aspect of though when you’ve converted your cash you do not need to invest it right now that dollar worth can sit in your portfolio as cash dollars for as long as you like so that implies the initial day that you purchase or transform your dollars is the only charge that occurs now with copy trading and copy portfolios there aren’t any extra charges so that’s truly great using that part of their site won’t definitely restrict you in any way nevertheless we have to be aware of 2 other fees the first being what’s called spread fees okay and i’m going to reveal you what i imply on now a spread fee as i’m going to reveal you
on is basically the distinction that belongs to the investment platform between the buy price and the list price all right it’s their premium on doing both those 2 actions now tesla if you can see on this part of the site right now tesla’s dollar value 599 per share in tesla that actually implies that when you wish to buy or offer as you can see it’s not the price you’re seeing up here let me reveal you that again so the existing cost of tesla is the value of a share what’s called spread fees is the distinction then really to purchase that share on the platform and you’ll discover this all over this is another way that they make a small amount of profit from you each time you do a buyer’s share so keep that in mind certainly it’s more pricey to purchase than it is to sell so they’re going to offer you less back with your sale and you state alright well why does that occur it simply does that is the nature of a great deal of platforms out there there’s a difference between if you’re buying it then you wish to sell it and that is how they make a little bit of money on those spread charges it’s usually incredibly small it could be a matter of pens matter of cents in there however that’s one place every investment firm will again make a little bit cash now the last feat is called an
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overnight charge now this is really essential if you’re actually using cfds yourself also an overnight fee is when you’re not doing that buy offer transaction in the same day fine there’s then an overnight cost charged and even if you go from the friday to the monday prior to cruising a weekend charge now this only applies to cfds so if you’re actually buying out the etf the stock the product and using time one take advantage of which means you’re in fact buying the precise asset instead of using take advantage of anyhow you won’t get hit with these costs but these fees are if you’re utilizing leverage and cfds and then you’re going to have these costs if you’re not buy selling in the same day so let’s state if you enter into the aid section this isn’t the over night costs details you can see precisely the breakdown and it’ll inform you what are the charges what are the costs then for when you’re doing over night or you’re doing over weekends which only applies as i said to cfds there are some additional charges of course depending upon what you are investing in too this is on your own so keep that in mind but complete costs are entirely within their help info alright and we spoke about as well as totally free to deposit in however there’s a 5 dollar charge if you wish to withdraw from anything whether it’s been cfds regular product stock shares whatever there’s that five dollar withdrawal fee now another thing to call it as i have actually said copy trading and copy portfolios are 2 various ways of in fact utilizing these copy operates they don’t have any additional fees on top of the normal charges that
exist now what you need to keep in mind though is these possibly managed by other individuals entirely or often have produced portfolios you’ve got a real person doing the management you have to ensure you pick the individual that’s right for you much like any kind of work this is your monetary properties so we absolutely require to make sure it’s the best individual for us before we copy them so the first things i would call it if you do wish to use this function we’ve got a couple of different alternatives for us first off if you’re brand new to investing i want to draw your attention to this within you have the option to invest real money or a virtual platform virtual means i think you get yep a hundred thousand dollars to have fun with and it’s not real cash that you’re investing you won’t need to put in your credit card details or anything you can essentially have this virtual portfolio imitate as if you are utilizing your own money however actually buy pretend buy copy individuals whatever you like if you’re not
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feeling comfortable with using your real cash maybe this is an excellent alternative for you again to evaluate the theories fine you might wish to purchase tesla or apple or this etf why not utilize the virtual alternative as a method to kind of safe play with it undoubtedly you might have missed out on gains and losses during that time obviously if you had actually invested your genuine cash it enables you to construct confidence understand the platform so that’s one option for you then next week and i’m going to return to my real portfolio here now we’re going to deep dive really how to copy people and copy portfolios now here’s something to bear in mind before you pick someone that you’re going to copy or a portfolio you’re going to copy ensure you understand what your risk profile is now what do i imply by that obviously for me i’m investing long term and they tend to state the longer you’re leaving your investments the riskier you can be run the risk of simply suggests am i fine with possibly losing a great amount of this financial investment or getting as
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well now keep in mind everything is ups and downs you will generate income you’ll lose money that’s why they make the statistic 75 people will lose money but that equally indicates they’ll lose at some point in their journey obviously people do make money as well and i have actually got videos everything about how you can make certain you’re one of individuals to in fact generate income however in this scenario make certain you research your risk level would you be okay giving your cash to another person which is efficiently what you’re doing and trusting them make certain you understand what they’re purchasing fully if you’re someone who isn’t wishing to be that risky don’t choose somebody who’s entirely into crypto or currency conversion think of it you ‘d probably want a backbone of strong commodities
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like gold or perhaps oil plus more traditional etfs and index funds you may not desire some up-and-coming single stocks in your portfolio do the exact same with who you’re following now as i state you can in fact use this too actually easily over here you can copy individuals now it will provide you a lot of choices and you can use the system to really search for someone that you elegant actually following so let’s see perhaps we desire someone from united kingdom um who buys let’s see who does etfs they have actually gained at least 10 yeah that sounds fair that sounds an excellent quantity and i can discover everyone who has satisfied that criteria and it does provide you a danger element also so it tends to be the higher the number the more riskier they are with their stock investing now clearly there are a variety of people that have rather high returns
remember it resembles anything to do with the news or forecasts of the future this does not indicate somebody will make 56 for you for the next 12 months they could make 4 or minus 50 there’s no way to ensure so do keep that in mind and as basic as clicking the copy button and off you go and then you know ask you to validate are you okay with this and off you go now another method to really deep dive if we click this person for instance ruby mza as an example you can actually deep dive into what is she actually buying so let’s go into portfolio and you can see she’s quite heavy into microsoft mastercard amazon she likes her tech a little bit so that’s excellent to understand ibm paypal yep she’s definitely like sort of into those blue box and the tech industry she’s got a few of mine actually that i invest in too which is excellent so in fact for me knowing what i like to purchase my private stocks and shares she would resonate with me she’s got a good spread in tech business that seems to be what she chooses she’s likewise got a little bit more um of the kind of main food companies and you have actually got you understand pharmaceutical and production companies as that. Volume On Etoro.
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